EV RESOURCES LTD — Share Issue/Capital Change 2011

Feb 20, 2011

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22 February 2011

The Manager Company Announcements Office Australian Securities Exchange Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Shareholders

RELEASE OF SECURITIES FROM ESCROW

In accordance with Listing Rule 3.10A the Company advises that the following shares and options will be released from escrow on 11 March 2011:

**Security description **	**Number **
Ordinaryfully paid shares	5,125,000
Options expiring onorbefore 31 December 2011	10,000,000

Application for quotation of the abovementioned ordinary shares will be made immediately after they are released from escrow.

ENDS

For further information please contact: Luke Martino Victory West Moly Ph: +61 (0) 8 9381 5819

About Victory West

Victory West Moly Ltd is a metals focused resource exploration company listed on the Australian Securities Exchange (ASX code: VWM) and Frankfurt Stock Exchange (FSE code: R1E), with a vision to find, prove and extract value from world class metals projects in South East Asia. The Company is building a metals portfolio and currently has two key asset the Malala Molybdenum Project in the Toli Toli Province in South Sulawesi and rights to acquire a majority interest to the USSU Nickel Project in South Sulawesi.

For further information on VWM, please visit www.victorywestmoly.com.au